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China factory production key as Tesla reports Q3 results

5 hours ago NAMEX Comments Off on China factory production key as Tesla reports Q3 results
(Reuters) – Tesla Inc (TSLA.O) is conducting trial production runs at its new $2 billion China factory for the past several weeks and will sell some of the first cars from the plant to its employees, sources told Reuters. FILE PHOTO: A gigafactory of electric carmaker Tesla Inc is seen in Shanghai, China October 18, Read More

Morning News Call – India, October 23

11 hours ago NAMEX Comments Off on Morning News Call – India, October 23
To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH No major events are scheduled for the day. LIVECHAT - EQUITIES FOCUS Reuters stocks correspondents in London and New York sift through a heavy corporate earnings Read More

UK cyber-centre targets payment card fraud

13 hours ago NAMEX Comments Off on UK cyber-centre targets payment card fraud
Britain’s cyber-defence centre has thwarted more than one million cases of suspected payment card fraud in the last year, its annual review reveals. The National Cyber Security Centre (NCSC) said a dedicated anti-fraud effort stopped the cards being abused. It said it had stopped more than 1,800 cyber-attacks aimed at UK citizens and businesses in Read More

U.S. House votes to advance bill curbing anonymous shell companies

14 hours ago NAMEX Comments Off on U.S. House votes to advance bill curbing anonymous shell companies
A bird flies across the U.S. Capitol rotunda, on Capitol Hill in Washington, U.S., October 22, 2019. REUTERS/Tom Brenner WASHINGTON (Reuters) – The U.S. House voted on Tuesday to advance legislation that would require most companies to disclose who actually owns them, as well as handing banks a long-sought update to anti-money laundering rules. The Read More

Global ‘terrorist’ list dominated by Muslims offers banks 3 MILLION names to deny service to without trial – report

15 hours ago NAMEX Comments Off on Global ‘terrorist’ list dominated by Muslims offers banks 3 MILLION names to deny service to without trial – report
A massive, ever-growing database used by the world’s largest banks to track terrorism financing and other crimes has compiled millions of names from unverified sources – including scandal sheets and search engine results. The World-Check database adds 25,000 names every month to its massive risk database, used by 49 of the world’s 50 largest banks Read More

Exclusive: Blackstone, CVC seek to take Paysafe public – sources

16 hours ago NAMEX Comments Off on Exclusive: Blackstone, CVC seek to take Paysafe public – sources
MADRID/FRANKFURT/NEW YORK (Reuters) – Private equity firms Blackstone Group Inc (BX.N) and CVC Capital Partners Ltd are seeking to hire underwriters for an initial public offering (IPO) of Paysafe Group Ltd that could value the payments processing firm at more than $10 billion, including debt, according to people familiar with the matter. FILE PHOTO: The Read More

German WW2 U-boat base in France reboots as data center

19 hours ago NAMEX Comments Off on German WW2 U-boat base in France reboots as data center
Interxion managing director Fabrice Coquio is seen at the construction site of Interxion MRS3 data center installed in an old German submarine base built during the Second World War in Marseille, France, October 22, 2019. REUTERS/Jean-Paul Pelissier PARIS (Reuters) – The thick concrete walls of a long-abandoned World War Two German submarine base in Marseille, Read More

Investor revolt torpedoes Swiss Sunrise’s $6.4 billion Liberty Global deal

21 hours ago NAMEX Comments Off on Investor revolt torpedoes Swiss Sunrise’s $6.4 billion Liberty Global deal
ZURICH (Reuters) – Sunrise Communications Group (SRCG.S) bowed to investor pressure on Tuesday and scrapped its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global’s (LBTYA.O) Swiss cable business UPC. FILE PHOTO: Swiss telecom company Sunrise’s logo is seen at an office building in Zurich, Switzerland February 28, 2019. REUTERS/Arnd Wiegmann The number two Read More

Fintech Revolut to launch in the U.S. by year-end with Mastercard deal

1 day ago NAMEX Comments Off on Fintech Revolut to launch in the U.S. by year-end with Mastercard deal
LONDON, (Reuters) – Digital banking app Revolut is set to begin issuing its cards in the United States by the end of this year via a partnership with payments company Mastercard Inc MA.N, the two companies said on Tuesday. An illustration picture shows a Revolut bank card in London, Britain October 21, 2019. REUTERS/Lawrence White/Illustration Read More

How a major U.S. farm lender left a trail of defaults, lawsuits

1 day ago NAMEX Comments Off on How a major U.S. farm lender left a trail of defaults, lawsuits
HARROD, Ohio (Reuters) – After completing a credit review in a half-hour phone call, a BMO Harris Bank underwriter cleared $12 million in loans for Ohio corn and soybean producer Greg Kruger in 2013. FILE PHOTO: Greg Kruger’s farm is seen in Harrod, Ohio, U.S. September 24, 2019. REUTERS/Maddie McGarvey Kruger had initially asked for Read More